What does this proposed incentive cost current taxpayers?
  • Nothing.
    • Since the increased assessment/tax within the development district is used to pay that cost down, no other existing property in Louisburg is expected to pay any portion of the work.  There is no cost to current taxpayers for new infrastructure or housing.

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1. What are Rural Housing Incentive Districts?
2. Why are RHIDs being considered?
3. What does this proposed incentive cost current taxpayers?
4. Are there other potential costs that will increase my property taxes?
5. What about burden on, or capacity of, utility systems?
6. The City will lose out on a lot of taxes over 15 years.
7. Why is the City considering this incentive now?
8. How will the City benefit from growth?